The U.S. stock market has made a remarkable comeback from its late-March bottom. We have just seen the best 50-day rally ever, according to LPL Financial Research. But investors always need to be careful. Jeff Reeves lists five stocks with momentum and upside potential to buy now, contrasting them with five he believe are less […]
The unrest in cities across the U.S. this week is just the latest manifestation of a struggle that will continue until the wealth gap between white people and black people is addressed, black economists said. What is the wealth gap? It is the stark divide between how much capital white people and black people control. […]
MARKETWATCH FRONT PAGE Stocks are expensive and the economy is terrible See full story. These stocks rose by double digits Friday as underperforming sectors bounced back Airline and energy stocks had among the biggest gains from a week earlier. See full story. My estranged husband filed a joint tax return without my knowledge. He got […]
The sharp gain in U.S. employment in May shows the economy is already starting to rebound and means the Federal Reserve won’t keep its policy interest rates at zero for years, said Brian Bethune, an economist at Tufts University. “I think the Fed will keep the fed funds rate at the zero lower bound for […]
A viral video showed a Maryland man angrily rip George Floyd protest flyers from a young girl’s hand. Victor Stoddard/Twitter Maryland cyclist Anthony Brennan III spoke out after a video of him attacking young protesters at Capital Crescent Trail went viral. Brennan was arrested and charged with three counts of second-degree assault on Friday. Brennan […]
Droukdel died in a joint operation by France and partner forces, the French government says France says it has killed the leader of al-Qaeda in north Africa, Abdelmalek Droukdel, in an operation in Mali. Defence Minister Florence Parly said Droukdel along with members of his inner circle had been killed in the north of the […]
At the risk of sounding like Thomas Friedman, who is famous for getting insights from taxi drivers, when I get in an Uber UBER, +2.14% or a Lyft LYFT, +7.02% I often find myself talking to the driver. About the job, the company, the passengers, and so on. One of the topics that always comes […]
This year’s been a real grind for Luckin Coffee LK, +36.04% investors. At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance Tech and Tybourne Capital were also bullish on the company, according to Yahoo Finance. So […]
Stocks ended the week sharply higher on Friday after the U.S. May jobs report showed a surprise 2.5 million jump in payrolls and a drop in the unemployment rate to 13.3% as businesses began to reopen after the COVID-19 pandemic lockdowns. How did the benchmarks perform? The Dow Jones Industrial Average US:DJIA jumped 829.16 points, […]
Apple Inc. shares closed at a record high Friday in a sign of optimism for the smartphone industry’s ability to withstand the COVID-19 crisis. Apple AAPL, +2.84% shares added 2.9% in the session to close the day at $331.50. This marked the first record closing high since Feb. 12, when shares finished at $327.20, and […]